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Business Overview

Sunshine Oilsands Ltd. is a Calgary based "public" company, listed on the Hong Kong Stock Exchange since March 1, 2012 and the Toronto Stock Exchange since November 16, 2012 . Sunshine is focused on the development of its significant holdings of oil sands leases in the Athabasca oil sands region. The company owns and controls 100% of 467,969 hectares of oil sands leases (including our Oil Sands Leases and our PNG Licenses) (approximately 1,200,000 acres of oil sands leases), equivalent to approximately 7% of the total Oil Sands Leases granted in the Athabasca region.

Sunshine's growth is being led by an experienced team with strong corporate governance and capital cost discipline. This team has a proven record of creating significant value in managing successful large projects at companies such as Rally Energy, Deer Creek Energy, Total E&P Canada Limited, Flint Energy Services Ltd and Amoco Canada Petroleum Co. Ltd.

Investment Highlights

After completion of the 2012 second-half drilling and seismic programs related to construction at the West Ells Commercial SAGD project and completion and continued progress at the Thickwood and Legend Commercial SAGD projects, the reserves and resource evaluation completed by independent evaluators, effective Dec. 31, 2012, resulted in:

  • Approximately 70 billion barrels of best estimate PIIP (Petroleum Initially In Place)
  • Approximately 5.1 billion barrels best estimate contingent resource with an aggregate pre-tax PV10% value of $10.3 billion (an increase of $3.4 billion);
  • 80 million barrels of 1P (proven) reserves with an aggregate pre-tax PV10% value of $363 million (an increase of $49 million);
  • 446 million barrels of 2P (proven plus probable) reserves with an aggregate pre-tax PV10% value of $990 million (an increase of $72 million); and
  • 605 million barrels of 3P (proven plus probable plus possible) reserves with an aggregate pre-tax PV10% of $1.66 billion.

Sunshine is developing a project portfolio consisting of three core asset types:

  • Cretaceous sandstones properties;
  • Carbonate bitumen resources properties; and
  • Conventional Heavy Oil properties.

Management currently estimates production capacity potential of 1,000,000 bbl/d from its cretaceous sandstone areas and carbonate formations. The Company is currently producing conventional heavy oil from its Muskwa property and Management estimates that production will increase with further development of the Muskwa property.

Projects/Properties Information

64% ownership of Major Shareholders including: China Life Insurance, China Investment Corp., Bank of China and Sinopec.
Production: Regulatory approval 10,000 bbl/d by mid year

Sunshine is focused on the development of its significant holdings of oil sands leases in the Athabasca oil sands region. The company owns and controls 100% of 467,969 hectares of oil sands leases (including our Oil Sands Leases and our PNG Licenses) (approximately 1,200,000 acres of oil sands leases), equivalent to approximately 7% of the total Oil Sands Leases granted in the Athabasca region.
Location: Athabasca Region
Reserves and resource: (Evaluation completed by independent evaluators, effective Dec. 31, 2012,) resulted in:
· Approximately 70 billion barrels of best estimate PIIP (Petroleum Initially In Place)
· Approximately 5.1 billion barrels best estimate contingent resource with an aggregate pre-tax PV10% value of $10.3 billion (an increase of $3.4 billion);
· 80 million barrels of 1P (proven) reserves with an aggregate pre-tax PV10% value of $363 million (an increase of $49 million);
· 446 million barrels of 2P (proven plus probable) reserves with an aggregate pre-tax PV10% value of $990 million (an increase of $72 million); and
· 605 million barrels of 3P (proven plus probable plus possible) reserves with an aggregate pre-tax PV10% of $1.66 billion.

Sunshine is developing a project portfolio consisting of three core asset types:
· Cretaceous sandstones properties;
· Carbonate bitumen resources properties; and
· Conventional Heavy Oil properties.
Management currently estimates production capacity potential of 1,000,000 bbl/d from its cretaceous sandstone areas and carbonate formations.

Share Structure

Sunshine Oilsands Ltd.

TSX:SUO

   Share Structure

 

    Common Shares

2,875,806,161

    Outstanding Options

 

    Common Stock Warrants

 

    Fully Diluted Shares

 

 

 

    Board and Management Holdings

 

 

 

   Share Trading Activity

 

    3 month average daily   volume(shares)

 

    52 week low/high ($/share)

0.20/0.47

    Current Share Price (July 2nd, 2013)

0.21

    Average Warrant Price

 

   Market Capitalization (I/O)

603.92 M

   Cash Balance

 

   Debt Outstanding

 

 (all amounts as of Jul 2, 2013)

Management Bio

John Zahary, M.Phil, P.Eng
President & CEO, Sunshine Oilsands Ltd.

Robert Pearce, BASc, MBA
Senior Vice President, Finance & Chief Financial Officer

David Sealock, BSc Business Management, RET
Executive Vice President, Corporate Operations

Mark Montemurro, P.Eng, BASc
Senior Vice President, Engineering & Geosciences

Tony Sabelli
Senior Vice President, Operations

Dong Liu
Senior Vice President (Hong Kong & Canada)

Dr. Songbo Cong, PhD
Vice President, Special Projects

Contact Information:

Sunshine Oilsands Ltd.
1020, 903 - 8 Avenue S.W.
Calgary, Alberta, Canada 
T2P 0P7

Phone: 1 (403) 984-1450
Fax: 1 (403) 455-7674 
Emailinformation@sunshineoilsands.com